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STATE GOVERNMENT FINANCES: 2004
STATE: NEW JERSEY
(Thousand Dollars)
 
Source: 2004 Annual Survey of State Government Finances. Data users who create their own estimates using
data from this report should cite the U.S. Census Bureau as the source of the original data only. The data in
this table are based on information from public records and contain no confidential data. Although the data in
this table come from a census of governmental units and are not subject to sampling error, the census results
do contain nonsampling error. Additional information on nonsampling error, response rates, and definitions
may be found at http://www2.census.gov/govs/state/04_methodology.pdf.

Item       Amount      
Total revenue      51,041,285
       
    General revenue      38,356,817
        Intergovernmental revenue      9,815,674
        Taxes      20,986,204
            General sales      6,261,700
            Selective sales      3,478,584
            License taxes      1,182,018
            Individual income tax      7,400,733
            Corporate income tax      1,896,998
            Other taxes      766,171
       
        Current charges      4,381,258
        Miscellaneous general revenue      3,173,681
       
    Utility revenue      591,310
    Liquor stores revenue      0
    Insurance trust revenue(1)      12,093,158
       
Total expenditure      48,975,600
    Intergovernmental expenditure      10,565,755
    Direct expenditure      38,409,845
        Current operation      24,913,395
        Capital outlay      3,464,120
        Insurance benefits and repayments      8,131,855
        Assistance and subsidies      454,343
        Interest on debt      1,446,132
Exhibit: Salaries and wages      7,438,117
       
Total expenditure      48,975,600
General expenditure      38,584,187
        Intergovernmental expenditure      10,565,755
        Direct expenditure      28,018,432
       
    General expenditure, by function:       
        Education      12,856,212
        Public welfare      10,272,122
        Hospitals      1,616,323
        Health      1,075,595
        Highways      2,300,216
       
        Police protection      423,136
        Correction      1,286,839
        Natural resources      331,220
        Parks and recreation      398,909
        Governmental administration      1,613,955
       
        Interest on general debt      1,441,728
        Other and unallocable      4,967,932
       
    Utility expenditure      2,259,558
    Liquor stores expenditure      0
    Insurance trust expenditure      8,131,855
       
Debt at end of fiscal year      40,640,195
       
Cash and security holdings      87,626,112

(1) Within insurance trust revenue, net earnings of state retirement systems
is a calculated statistic (the item code in the data file is X08), and thus can be
positive or negative. Net earnings is the sum of earnings on investments plus gains on
investments minus losses on investments. The change made in 2002 for asset valuation
from book to market value in accordance with Statement 34 of the Governmental
Accounting Standards Board is reflected in the calculated statistics.
 
Created: December 2005
Last Revised:   January 5, 2011


Source: U.S. Census Bureau | State Government Finances | (800) 242-4523| govs.public.finance.analysis.b@census.gov |  Last Revised: January 20, 2011